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Sit Investment Associates Inc has increased its stake in Putnam Premier Income Trust by 957,254 shares, a 3.85% rise. The firm focuses on fixed income and public equity markets, and employs a combination of quantitative and fundamental methodologies to guide its investment decisions. The move aligns with its strategy of seeking high current income and capital preservation.

Sit Investment Associates Inc. has significantly increased its stake in Putnam Premier Income Trust (NYSE: PPT) by 957,254 shares, marking a 3.85% rise in its holdings. This strategic move aligns with the firm's focus on fixed income and public equity markets, as well as its approach of combining quantitative and fundamental methodologies for investment decisions. The primary goal is to seek high current income and capital preservation.

Putnam Premier Income Trust, a closed-ended fixed income mutual fund managed by Putnam Investment Management, LLC, recently saw its share price cross above its 200-day moving average during trading on July 22, 2025. The stock's 200-day moving average is $3.61, and it traded as high as $3.65 on the same day. The latest trading price for Putnam Premier Income Trust shares is $3.62, with a volume of 310,388 shares changing hands [1].

Sit Investment Associates Inc.'s latest investment in Putnam Premier Income Trust is part of a broader trend of institutional investors increasing their stakes in the fund. Janney Montgomery Scott LLC, for example, boosted its holdings by 0.5% in the first quarter of 2025. Additionally, Bank of America Corp DE lifted its stake by 26.1% during the fourth quarter of 2024. Citadel Advisors LLC, Captrust Financial Advisors, and Raymond James Financial Inc. also initiated new positions in the fund during the fourth quarter of 2024 [1].

Institutional investors currently own 42.79% of Putnam Premier Income Trust's stock, reflecting a growing interest in the fund's investment strategy and performance. The fund primarily invests in U.S. high-grade and high-yield bonds, with an average credit quality of BBB by S&P Corporation [1].

Putnam Premier Income Trust recently announced a monthly dividend, which will be paid on July 31, 2025. Stockholders of record on July 18, 2025, will receive a dividend of $0.026 per share, representing an annualized yield of 8.65% [1].

While Putnam Premier Income Trust currently has a Hold rating among analysts, top-rated analysts believe that other stocks may be better buys. MarketBeat has identified five stocks that top analysts are recommending to their clients, and Putnam Premier Income Trust was not on the list [1].

In conclusion, Sit Investment Associates Inc.'s increased stake in Putnam Premier Income Trust reflects the fund's strong performance and growing appeal among institutional investors. The fund's focus on high current income and capital preservation, along with its investment in high-grade and high-yield bonds, makes it an attractive option for investors seeking stable returns.

References:
[1] https://www.marketbeat.com/instant-alerts/putnam-premier-income-trust-nyseppt-share-price-crosses-above-200-day-moving-average-should-you-sell-2025-07-22/